While most have updated circuit breakers, many have original plumbing and wiring.

J Scott, Chris hit on the nail, my comments are shorter now, it's the short circuit between the bank and FNMA.

Then the kicker was my Plumber and HVAC people tell me that there are reliability issues still with these units where the controllers, circuit boards go bad.

If so, that would be a deal-breaker.

The first year I was recommeded to replace the circuit board and did.

Started an LLC, working with a realtor, have a few leads on contractors, etc.We've made one offer, but they took another based on our having an inspection contingency.I was hoping to get some feedback from folks more seasoned than me on 2 items:1) Inspection Contingency: For rehab deals, is including an inspection contingency usually going to be a deal-breaker?

We were not completely sure what caused fire, but our HAVC guy flicked the circuit breaker and then all of sudden it caught fire and the fire spread very quickly.I attach pictures, and the roof and third of the house was burnt down.I called my insurance company to file a claim yesterday, and we engaged a disaster recovery company to board up the house.

I retrained my tenant by getting it fixed and letting her know that she was responsible for the expense, so next time she will consciously think "I wonder if this should go in the disposal...maybe not" because it is now her expense not yours otherwise why not keep doing it.You said the washer/dryer hose came off, did you move the washer/dryer around and knock it loose...no the tenant did.The breaker/fuse tripped so someone overloaded the circuit, did you plug the hairdryer, fan, laptop, tv and sound system into one plug....no the tenant did.The sink got clogged, did you pour bacon grease/mud/potato peels down the drain...no the tenant did.I say all of this because the tenant has no reason to try to make sure they don't cause damage because they will just get it fixed free.

These things are notorious for having their breakers fail.

For some reason that particular outlet near the vanity has it's own breaker in the breaker box...